Blue Channels –
Very Bullish resulted trapped viewers
Only take knowledge – Do not follow recommendations.

Market Out Look : As we have written continue that till not cross 9710 do not think any buy side and finally break down major support level 9580 resulted free fall across the board and made a low 9473 and finally managed to closed around 9500 level. Below we have recommend to exit long 9580 and fresh short added. Now strategy - Sell side-No Buy

Nifty : Market turned bearish and finally break down major support zone 9580-9600 and intra day any rise to sell side for target 9430-9400.

Bank Nifty : We are bearish below 23500 and almost our target 23000 achieved. Over all trend is down and any intra day rally to sell side.

PSU Bank INDEX : As PSU Bank Index unable to hold 3450-3500 level and finally break down resulted over all selling seen in all PSU bank stocks and more sell off in coming days can not be ruled out. Do not try to bottom fishing.

PHARMA INDEX : Still holding support level and some buying were saw in Pharma segment. However, time to book profit and re enter only sharp decline.